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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.32 per $10,000 · paid last 24h +0.029%
Price spread now: HTX against Gate−0.081%7-day average −0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$270.271% of the position
Long on GateShort on HTX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.077%+$8 on $10k
Price spread, last 3 days (all we have)+0.057%+$6 · spread now −0.081%, 7d avg −0.010%
Together, before fees+0.134%+$13 on $10k · with fees, hour by hour
Funding pays, the price is against you. HTX is 0.070% cheaper against Gate than usual: you would sell low and buy high (spread −0.081% now, against its 7-day average of −0.010%). If the spread goes back, that is −$7 on $10k: about 7.4 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate ETH_USDT2,764.60.0056pay 0.0056% / 8h7h 19m$3.38B$9.05B200x
ShortHTX ETH-USDT2,762.40.0088get 0.0088% / 8h7h 19m$1.07B$1.25B200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Gate. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$6.67
Price spread: −0.081% → −0.010%
−$7.02
Slippage, 4 orders
−$0.07
Fee Gate: 7.5 bp × 2 orders
−$15
Fee HTX: 6 bp × 2 orders
−$12
Net
−$27.43
Costs to cover
0.271%
Break-even
35.8 days
Slippage from Gate: live order book, 5 min ago; HTX: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 5 min ago0.02 bp7.5 bp −$88.5 bp −$8511.2 bp −$1,12319.0 bp −$9,491
Sell HTX live order book, 5 min ago0.02 bp6.0 bp −$66.0 bp −$608.2 bp −$81911.7 bp −$5,852

ETH on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ETH/USDC PERP−0.0752%1h2,776.9+0.446%$119K$22.5M52xas long as short
RISEx ETH/USDC−0.0128%1h2,766.7+0.077%$5.6M$11.2M25xas long as short
Perpl ETH−0.0112%43m2,767.1+0.090%$326K$6.2M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,767.2+0.095%$5K$1K50xas long as short
01 Exchange ETHUSD−0.0032%1h2,767.1+0.091%$169K$1.1M50xas long as short
Phoenix ETH−0.0003%1h2,772+0.268%$873K$3.7M25xas long as short
dYdX ETH-USD0.0000%1h2,767.8+0.117%$12.2M$43.2M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,767.2+0.095%$22.4M—200xas long as short
Bullet ETH-USD+0.0019%1h2,766.7+0.077%$184K$1.7M20xas long as short
OKX ETH-USDT-SWAP+0.0028%8h2,763.6−0.037%$1.70B$11.12B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX ETH-USD+0.0028%1h2,763.7−0.032%$55.0M$188.0M40xas long as short
GMX ETH/USD [ETH-USDC]L +0.0043% / S −0.0009%1h2,767.4+0.101%$12.7M—200xas long as short
Aster ETHUSDT+0.0047%8h2,764.1−0.017%$255.6M$885.8M200xas long as short
Gate ETH_USDTlong+0.0056%8h2,764.6long leg$3.38B$9.05B200x
Aevo ETH-PERP+0.0056%1h2,764.6−0.001%$5.0M$165K20xas long as short
MEXC ETH_USDT+0.0059%8h2,763.3−0.046%$1.61B$2.65B500xas long as short
Binance ETHUSDT+0.0060%8h2,763.8−0.028%$6.46B$16.26B150xas long as short
Deribit ETH-PERPETUAL+0.0061%1h2,765.2+0.022%$259.1M$204.5M50xas long as short
Aftermath Perps ETHUSD+0.0072%1h2,771.1+0.236%$31K$21K20xas long as short
Bitget ETHUSDT+0.0075%8h2,764.9+0.010%$2.10B$2.87B150xas long as short
Coinbase International ETH-PERP-INTX+0.0080%1h2,765+0.013%$60.2M$4.41B50xas long as short
Vest ETH-PERP+0.0082%1h2,767.8+0.117%—$876K50xas long as short
KuCoin ETHUSDTM+0.0085%8h2,763.7−0.031%$419.9M$619.4M100xas long as short
HTX ETH-USDTshort+0.0088%8h2,762.4−0.081%$1.07B$1.25B200x
Lighter ETH+0.0096%1h2,763.9−0.025%$114.7M$458.7M50xas long as short
Lighter RH ETH+0.0096%1h2,765.5+0.034%$25.5M$111.7M50xas long as short
ApeX Omni ETHUSDT+0.0098%1h2,768.2+0.131%$8.7M$32.1M100xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,769.1+0.162%$15.9M$8.6M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,766.9+0.084%$488K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,766.1+0.053%$14.6M$113.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,766.3+0.062%$3.16B$2.18B25xas long as short
Pacifica ETH+0.0100%1h2,767.6+0.109%$31.2M$328.0M50xas long as short
Bybit ETHUSDT+0.0100%8h2,763.9−0.024%$2.51B$4.33B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,766.1+0.055%$2.8M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,767.3+0.098%$2.8M$16.8M25xas long as short
Bulk ETH-USD+0.0100%1h2,772.8+0.299%$170.3M$276.6M25xas long as short
BingX ETH-USDC+0.0100%8h2,763.6−0.035%—$17.3M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,763.7−0.033%$15.1M$42.1M50xas long as short
Variational Omni ETH+0.0100%8h2,768.5+0.144%$137.0M$344.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,768.1+0.127%$181.7M$785.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,768.8+0.152%$161.1M$85.1M50xas long as short
StandX ETH-USD+0.0100%1h2,767.8+0.116%$21.4M$64.0M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,767.6+0.109%$10.5M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,766.4+0.066%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,767.1+0.091%$42.5M$28.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,766.3+0.062%$969K$13.1M100xas long as short
Phemex ETHUSDT+0.0100%8h2,763.8−0.028%$269.0M$67.4M150xas long as short
Extended ETH-USD+0.0104%1h2,765.1+0.020%$30.9M$74.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,769+0.161%—$36.1M500xas long as short
Kalshi KXETHPERP+0.0109%8h2,767.4+0.102%$8.1M$678.7M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0134%1h2,765.4+0.031%$97.7M$320.7M100xas long as short
Hibachi ETH/USDT-P+0.0152%1h2,769.3+0.170%$252K$1.5M20xas long as short
Orderly PERP_ETH_USDC+0.0154%8h2,768.6+0.147%$32.6M$11.1M100xas long as short
BloFin ETH-USDT+0.0180%8h2,763.6−0.037%$287.3M$178.3M150xas long as short
Reya ETHRUSDPERP+0.0213%1h2,767.6+0.110%$7.3M$1.1M25xas long as short